The "Microfinance India Awards" instituted by ACCESS in 2009 and supported by HSBC India, seek to recognize the stellar contribution of several thought leaders, practitioners, policy makers, promoters and researchers as well as institutions toward a responsible growth of the microfinance sector in India. In the five years since the Awards were instituted, they have come to be recognized and respected as an important sector initiative and have been conferred upon several eminent and respected institutions and individuals in the sector.Microfinance India Awards 2015 seeks nominations for the following Awards:

  • Large Self Help Group Promoting Institution (SHPI) of the Year
  • Small-Medium Self Help Group Promoting institution (SHPI) of the Year
  • Large Microfinance Organization (MFO) of the Year
  • Small and Medium Level Microfinance Organization (MFO) of the Year
  • Business Correspondent Network Manager(BCNM) of the Year

We are fortunate to include prominent and committed sector leaders viz. Ela Bhatt, VijayMahajan, Aloysius Fernandez, Y.C. Nanda, N K Maini   and some of the best examples of microfinance organizations, such as, Ujjivan, Bandhan, SKDRDP, FWWB India as past recipients of the Awards.

Last year, the response from microfinance community was excellent and nominations were received from credible institutions and individuals, who have shown extraordinary commitment and effort in upholding the spirit of responsible finance. This has expectedly made the selection process a rigorous one. The selection process for the "Microfinance Organisation of the Year"categories involved two rounds of assessment. After the first round of shortlisting nominations, a Nomination Due Diligence Committee scored the nominations based on pre-designed assessment parameters through deliberation and consensus. The aggregation of these scores helped in selecting Top Three nominations in each of the two categories. The final winner was chosen by the Awards Jury from among the Top Three institutions.

Nominations received for the individual and enabling institutions categories are judged on parameters pre-decided in consultation with the Jury.

  • The awards will bring recognition to organizations and individuals for their achievement in the sector. The winners will be examples of excellence, hardwork and dedication to sustainable development and will be the role models for the rest of the sector

  • Cash prize of INR 100,000 and a trophy will be presented to the winner to commemorate the achievement of the selected institution/individual

  • Scholarship to short term courses at - Harvard Business School Programme, USA and Coady International Institute, Canada on Leading Change and Organization Renewal for the winners under the category of level Small and-Medium MFO of the year, Business Correspondent Network Manager of the Year, Large Self Help Group Promoting Institution of the Year and Small-Medium Self Help Group Promoting Institution of the Year.

  • The Winner in the SHPI Categories will also be felicitated with the NABARD's Grant Assistance

  • Profiles of the short listed institutions/individuals will be widely distributed as part of the compendium during the Inclusive Finance India Summit proceedings

  • The Awards presentation ceremony will be attended by prominent microfinance practitioners, luminaries from the financial and development sectors , and researchers associated with the sector